Sentences with phrase «with small death benefits»

The only restrictions to Northwestern Mutual's life insurance policies are that they aren't available with small death benefits (the minimum is $ 25,000) and the company doesn't offer policies with limited underwriting.

While these aren't for the vast majority of younger crowds, they are a simpler, cost effective way for seniors to buy a life insurance policy with a smaller death benefit to pay for basic funeral and funeral related costs.

Another way is to reduce the death benefit, especially since you're likely to have fewer financial obligations the older you get — for example, most 50 - year - olds can do just fine with a smaller death benefit and a shorter term.

Final expense coverage is very similar to permanent coverage, because it lasts a lifetime, but usually comes with smaller death benefits and simplified underwriting.

Burial insurance is a type of whole life insurance with a small death benefit, typically $ 5,000 to $ 25,000, specifically intended to cover your burial expenses.

A policy with a small death benefit will not be too expensive and you can rest assured your death will not be financially devastating to your spouse.

These are typically permanent policies with a small death benefit (typically $ 5,000 to $ 25,000, sometimes less) designed specifically to cover final expenses.

Not exact matches

A smaller death benefit is typical if you are looking to cover all costs associated with your passing, such as a funeral and potential hospital expenses.

A smaller death benefit is typical if you are looking to cover all costs associated with your passing, such as a funeral and potential hospital expenses.

Term life insurance allows you to leverage a relatively small monthly premium for a large guaranteed death benefit with a lower initial cost than permanent life insurance.

However, the small amount of money you saved is not worth the under performing permanent coverage you are stuck with, unless your only need for the insurance coverage is the death benefit.

Keystone Term life insurance allows you to leverage a relatively small monthly premium for a large guaranteed death benefit with a lower initial cost than permanent life insurance.

Most insurers only offer decreasing term insurance policies, in which the death benefit becomes smaller over time, because financial obligations tend to decrease with age.

With this policy, you can only accelerate death benefits if you get a terminal illness and the amount is limited to $ 250,000 or 75 % of your death benefit (whichever is smaller).

Some people decide to purchase a term policy with a high death benefit, to cover immediate needs, and a smaller permanent policy to provide future coverage and asset growth.

A GUL policy is an attractive option for anyone who wants the following: (1) an easy to understand policy, that (2) provides lifetime coverage, that (3) focuses primarily on the death benefit, with (4) non-existent or small cash value growth.

Guaranteed issue whole life insurance with a 2 year graded death benefit limitation — If you die in the first two years the policy will return your premium plus a small percentage on top of the premium you paid.

Regardless of the type of policy, one with a bigger death benefit is more expensive than one with a smaller benefit.

This essentially allows you to have the best of both worlds, while growing a small, permanent death benefit, and simultaneously ensuring you're protecting your full need with a cheaper, temporary death benefit.

With «Guaranteed Issue» life insurance, there are no health questions, so just about anyone can qualify, though cost is high for relatively smaller death benefits.

You can usually buy more coverage (a.k.a. a larger death benefit) for a smaller premium with term.

Then I read further, and apparently, the idea is more like, the death benefit goes up over time as the premiums are paid, but if someone stops paying the premiums the death benefit is still paid but it's just whatever small amount he had left it at with his last premium payment.

Although policies with lower death benefits tend to be cheaper, these smaller amounts generally aren't enough to support a family beyond even one year.

In simple terms, this is a type of small life insurance with a death benefit.

I got this because it is funded by two small pensions and begins with high initial death benefit while avoiding term insurance expenditure, and is not intended to use for banking, but using the ALIR annual $ 2k cash addition to get the poilicy up to self sufficiency several years early becasue my pensions funding it would stop on my death.

With this policy, you can only accelerate death benefits if you get a terminal illness and the amount is limited to $ 250,000 or 75 % of your death benefit (whichever is smaller).

With all things being equal, a smaller death benefit will obviously result in more affordable rates.

For example, if you are under 40 years old and are buying a small amount of life insurance coverage (low death benefit), you may be given a policy with no medical examination requirement.

For this policy, I purchased $ 353,848 of death benefit, some of it being supplemental term insurance which converts to whole life every year automatically, along with a small amount of base whole life.

Do not settle for an expensive Life Insurance with a very small Death Benefit amount.

If you are in the market for a policy with a relatively small death benefit (< $ 300,000), you should be aware that every state in the United States has a guaranty association protecting death benefits in the case of life insurance insolvency.

As mentioned above, burial insurance is a phrase used to describe a small whole life policy, usually with a death benefit of $ 5,000 to $ 50,000.

As a policy with the specific purpose of covering the aforementioned expenses, the death benefit tends to be much smaller, with it ranging from $ 3,000 to $ 35,000; thus, it is much more affordable.

Term life insurance allows you to leverage a relatively small monthly premium for a large guaranteed death benefit with a lower initial cost than permanent life insurance.

However, the small amount of money you saved is not worth the under performing permanent coverage you are stuck with, unless your only need for the insurance coverage is the death benefit.

However, you have to repay the loan with interest, or your beneficiary will receive a smaller death benefit.

For instance, younger workers with small children will generally need a much higher death benefit than older workers without any kids in school.

A smaller policy with up to a $ 50,000 death benefit will require less proof of insurable interest than a policy with a death benefit of $ 250,000.

Most insurers only offer decreasing term insurance policies, in which the death benefit becomes smaller over time, because financial obligations tend to decrease with age.

If you were to pass away prior to your SBA (Small Business Administration) loan being fully repaid, the death benefit from your life insurance policy will be used to settle your debt with the lender.

I feel this is one of the good term insurance plan in India which comes with an accidental death benefit rider where you can get the additional sum assured of Rs 50 Lakhs with small additional premium.

In this case, the named beneficiary on the no medical exam policy may only be able to receive back the amount of premiums that were paid into the policy (possibly with a small amount of additional interest), or a certain percentage of the stated death benefit.

I - Care option - II available with accidental death benefit feature equal to sum assured for maximum of Rs 50L with small extra premium.

Accidental Death Benefit Rider — Here, a small amount of extra premium is charged along with the regular premium.

Some people decide to purchase a term policy with a high death benefit, to cover immediate needs, and a smaller permanent policy to provide future coverage and asset growth.

The key, and the great thing about this policy in my mind is not the small price tag, or the fact that the death benefit increases with age, but the conversion option.